Credit, collections & insolvency news

Day: 4th January 2019

Amicus Finance has announced on its website that it has entered administration. A site statement said ” On December 20th, 2018, Mark Robert Fry, Jamie Taylor and Kirstie Jane Provan were appointed Joint Administrators of Amicus Finance plc (In Administration),(the Company). The Joint Administrators act as agent of the Company and without liability. The news…

The Money Advice Trust has welcomed Lloyds, Santander and RBS’ plans to introduce controls for their customers over where they can spend their money, including allowing the blocking of gambling payments. The announcement follows on from the launch of similar controls by Barclays last month and work from Monzo and Starling in this same area…

Data from the latest report from the Bank of England data shows that the annual growth rate of consumer credit slowed in November 2018, but credit card lending was still 7.9% higher than a year earlier, with other consumer credit lending up by 6.6%. Commenting on the latest figures, StepChange Debt Charity CEO Phil Andrew…

RSM has announced the appointment of Mike Gahir as a director in its Birmingham office. Gahir will be tasked with building RSM’s debt advisory practice across the Midlands. He will also have a specific responsibility for business development through building relationships with corporates and intermediaries across the region. Gahir joins RSM from Santander UK Corporate…

The Consumer Council for Water (CCWater) secured £930,000 in financial redress for consumers as complaints made to it about water companies and retailers rose. Almost 5,200 homes and businesses turned to the CCWater for help with a complaint during the first six months of the year, a rise of 14 percent compared to the same period last…

Ofgem has banned Economy Energy from taking on new customers until it resolves its customer service issues. The provisional order against the supplier also bans it from requesting one-off payments and increasing direct debits. The ban will initially remain in place for up to three months in order for Economy Energy to take steps to:…